Is Fulshear, Texas Expensive to Live? Let’s Dive into the Numbers
Hello there, fellow homebuyers and curious individuals! Today, we’re going to explore the question on everyone’s mind: Is Fulshear, Texas an expensive place to live? As a real estate agent with Terra Point Realty, I’m here to provide you with an in-depth analysis of the cost of living in this charming Texan town. So, sit back, relax, and let’s dive into the numbers!
In fact, Fulshear, Texas is generally considered to be more expensive than the national average. Therefore, particularly due to high housing costs. Here’s a detailed breakdown of the cost of living in Fulshear:
Overall Cost of Living
The overall cost of living in Fulshear is estimated to be 8.1% to 41% higher than the national average. Therefore, depending on the source. This variation may be due to different methodologies and data collection periods.
Housing Costs
When it comes to determining the affordability of a location, several factors come into play. Let’s start by examining the housing market in Fulshear. Over the past few years, Fulshear has experienced steady growth, as more and more people are drawn to its small-town charm and proximity to the bustling city of Houston. This increased demand has naturally led to a rise in home prices. However, compared to some of its neighboring cities, Fulshear still offers relatively affordable housing options.
Housing is the most significant factor contributing to Fulshear’s higher cost of living:
The median home price in Fulshear currently stands at $400,000, which may seem steep at first glance. However, it’s important to note that Fulshear offers a wide range of housing options, catering to different budgets and preferences. From charming single-family homes to luxurious estates, there’s something for everyone in this vibrant community.
The median home price in Fulshear is $400,000 to $650,000, which is 74.9% to 92.3% higher than the national average of $338,100.
Rent for a 2-bedroom home averages $1,339 to $1,340 per month, which is slightly lower than the national average of $1,430.
The housing cost index is 173.4 to 238, indicating that housing expenses are 73.4% to 138% higher than the national average.
Other Living Expenses
Beyond housing, let’s consider other essential factors that contribute to the overall cost of living. The good news is that Fulshear boasts a lower tax rate compared to many other areas in Texas. This means that residents can enjoy the perks of living in a growing community without breaking the bank on property taxes.
Additionally, Fulshear offers a reasonable cost of groceries, healthcare, and transportation. The town is conveniently located near major highways, providing easy access to nearby cities and amenities. This accessibility, combined with the lower cost of living essentials. Therefore, makes Fulshear an attractive option for those looking for a balanced lifestyle without sacrificing convenience.
Groceries:
0% to 3.7% higher than the national average
Healthcare:
2.7% lower to 10% higher than the national average
Utilities:
1% to 3% higher than the national average
Transportation:
12% lower to 36.1% higher than the national average
Income and Affordability
Now, let’s talk about the quality of life in Fulshear. Beyond its affordability, this town is known for its strong sense of community, excellent schools, and abundant recreational opportunities. With top-rated schools and a variety of parks, trails, and community events, Fulshear offers a high standard of living for families and individuals alike.
As with any location, it’s important to consider your personal circumstances and financial situation when evaluating the affordability of living in Fulshear. While housing prices may have increased, the town’s overall cost of living remains reasonable, especially when compared to nearby cities.
For example, the median household income in Fulshear is $162,826 to $170,236, which is significantly higher than the national average.
Therefore, to live comfortably in Fulshear, it’s recommended to have an annual income of $113,400 for a family and $44,800 for a single person.
Comparison to Texas
Fulshear is generally more expensive than the Texas average:
Overall cost of living is 14.8% higher than the Texas average.
Median home price is 98.7% higher than the Texas average.
Conclusion
In conclusion, while Fulshear, Texas may not be the cheapest place to live, it offers a balanced blend of affordability and quality of life. As a real estate agent with Terra Point Realty, I’ve had the pleasure of helping many clients find their dream homes in this wonderful community. If you’re considering a move to Fulshear, I highly recommend exploring the options available and experiencing the warm, welcoming atmosphere for yourself.
Remember, affordability is just one piece of the puzzle when it comes to finding the perfect place to call home. If you’re looking for a town that offers a strong community, excellent schools, and a variety of recreational opportunities, Fulshear might just be the place for you. Don’t hesitate to reach out to me or my team at Terra Point Realty for personalized assistance and guidance on your homebuying journey.
Happy home hunting, and I hope to welcome you to Fulshear soon!
Sincerely,
Stacy Burgin
Terra Point Realty
Contact Information
To schedule a coffee date or learn more about is Fulshear Texas expensive to live, contact Terra Point Realty at 713-766-1697. Their friendly and knowledgeable team is ready to assist you with is Fulshear Texas expensive to live. Don’t miss out on the opportunity to live in your dream house – schedule a coffee date today and start your journey towards is Fulshear Texas expensive to live.
